Nevada Copper Pre-Commissions Grinding Circuit; Remains on Target to Enter Production in Q4, 2019
October 08 2019 - 7:00AM
Nevada Copper Corp. (TSX: NCU) (“
Nevada
Copper” or the “
Company’’) is pleased to
confirm that it has started pre-commissioning of the grinding
circuit of the process plant at its Pumpkin Hollow underground
copper project (the “
Underground Project”). Other
recent milestones include completing the 120 kV power line and
stockpiling over 70,000 tons of development ore on surface. The
Company remains on target to commence production in Q4 2019 and to
complete within its project cost estimate.1
Matt Gili, Chief Executive Officer of Nevada
Copper, stated, “We are now in the final stages before entering
production in the fourth quarter of this year. I’m very proud of
the team’s consistently high performance during this incredibly
busy period and I know we are all excited by the upcoming
transition from developer to producer.”
Construction Progress
Update
The following milestones further prepare the
Company for commencing concentrate production in Q4, 2019. Further
construction details, including upcoming work, can be viewed on the
Nevada Copper blog.
- Pre-commissioning of the grinding circuit of the process plant
has commenced.
- 120 kV power line is completed and energized to site.
- The first Underground Project definition drilling program has
confirmed high grade stope locations as per the resource
model.
- Flow through ventilation has been established between the 2850
and 2770 levels.
- Over 70,000 tons of development ore has now been stockpiled on
surface.
_____________1 See MD&A Q2, 2019
Construction Activity
Images
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1fcdbd70-0868-49e6-a573-b9eb81b67c3a
(Process plant, admin building and main
headframe looking east)
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9e0c16d8-1d86-49a6-af5a-f07a16353663
(Bolting the face on the 3000 central
ramp)
Please visit our website at www.nevadacopper.com
for more construction progress photos and additional project
information.
Qualified Persons
The information and data in this news release
was reviewed by David Swisher, P.E., SVP of Operations for Nevada
Copper, who is a non-independent Qualified Person within the
meaning of NI 43-101.
About Nevada Copper
Nevada Copper’s (TSX: NCU) Underground Project
is in construction with a view to commencement of copper production
in Q4, 2019. Located in Nevada, USA, Pumpkin Hollow has substantial
reserves and resources including copper, gold and silver. Its two
fully-permitted projects include the high-grade Underground Project
(under construction) and a large-scale open pit project.
Additional Information
For further information please visit the Nevada Copper corporate
website (www.nevadacopper.com).
NEVADA COPPER CORP.
Matthew Gili, President and CEO For further information
call:
Rich Matthews,VP Investor RelationsPhone: 604-355-7179Toll free:
1-877-648-8266
Email: rmatthews@nevadacopper.com
We seek safe harbour.
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